THE Department of Agriculture is mulling over the removal of brand labels from imported rice on reports these are allegedly being employed as manipulation tactics by some industry players to inflate rice prices.
He also ordered the removal of labels like “premium” and “special” on imported rice, noting that these are being used to justify inflated prices. The agency said data gathered from retailers, traders, and importers suggest that a markup of P6 to P8 per kilo from the landed cost of imported rice is enough to profitably sustain the operations of all parties involved in the supply chain.
Laurel said he is also exploring the option of allowing government corporations like Food Terminal Inc., to import significant quantities of rice to compete directly with private importers.
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